Nifty 50 held gap-up, hit 25355, confirming breakout from Inside Bar - Tradebulls Securities Pvt Ltd
Nifty
Nifty50 sustained its gap-up move and climbed to 25355, confirming a breakout from last week’s Inside Bar consolidation. The index is comfortably holding above its 5-DEMA at 25166, with the 25000 level now acting as a firm support for further upside towards 25555. Derivatives positioning remains favourable, with the Put OI base shifting higher from 25000 to 25200, reinforcing bullish conviction. Sustained trade above 25350 could trigger short covering and accelerate gains. With ADX at 30, trend strength is intact. Resistance lies at 25355, above which 25500–25620 opens up, though profit booking near 25555– 25620 may precede a march towards 26000.
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